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Budget 2012-2013 - Amendments in Service Tax Rules, 1994 |
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Budget 2012-2013 - Amendments in Service Tax Rules, 1994 |
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Changes in Service Tax Rules, 1994 - Ntf. 3/2012 ST (w.e.f. 17-3-2012 or w.e.f. 1-4-2012) (Service Tax Rules, 1994 as amended available on www.taxmanagementindia.com)
By: C.A. Surender Gupta - March 19, 2012
Discussions to this article
Regarding S.no. 4 - old provsions. First Proviso to rule 7 of Point of Taxation rules, 2011 is as below:-
"Providedthat in case of services referred to in clause (a), where payment is not received within the period specified by the Reserve Bank of India, the point of taxation shall be determined, as if
this rule does not exist :" and as such if export proceeds are not received within prescribed time, then this rule 7 will not apply and point of taxation will be date of export invoice.
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